Lifestyle Building and Developments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14373174

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	34,985		19,985
Debtors	5	63,869		26,497
Cash at bank and in hand		5,316		18,418

		104,170		64,900
Creditors: Amounts Falling Due Within One Year	6	(99,565 )		(59,991 )

NET CURRENT ASSETS (LIABILITIES)			4,605		4,909

TOTAL ASSETS LESS CURRENT LIABILITIES			4,605		4,909

NET ASSETS			4,605		4,909

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			4,505		4,809

SHAREHOLDERS' FUNDS			4,605		4,909

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 8 September 2026 and were signed on its behalf by:

Alessandro Lulli

Director

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Lifestyle Building and Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14373174 . The registered office is Suite 6, Floor 2 Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentation currency

The accounts are presented in £ sterling.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.4. Stocks and Work in Progress

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6. Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Lifestyle Building and Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	2025	2024
	£	£
Finished goods	34,985	19,985

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,553	162
Prepayments and accrued income	44,552	18,085
Other debtors	17,764	8,250

	63,869	26,497

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	11,745	2,390
Corporation tax	5,310	2,608
Other taxes and social security	40,982	44,996
VAT	34,342	7,410
Accruals and deferred income	4,729	1,680
Director's loan account	2,457	907

	99,565	59,991

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

8. Related Party Transactions

During the year under review, the director, A Lulli received dividends amounting to £10,000 (2024: £7,000).

9. Ultimate Controlling Party

The company is controlled by A Lulli by virtue of his 100% shareholding in the company.

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